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U.K. Treasury Chief Credits Coalition's Spending Cuts

By

Alistair MacDonald And

David Wessel

Updated Oct. 7, 2010 12:01 a.m. ET

British Treasury chief George Osborne said the austerity program pursued by the U.K.'s new coalition government has taken the country "out of the financial danger zone" and removed doubts in markets about "whether Britain can pay its way in the world."

In an interview with The Wall Street Journal before flying to Washington to meet with finance ministers and central bankers from around the world, Mr. Osborne said measures to be announced in a spending review in two weeks' time, and earlier measures, have...